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Federal, State and Local Income Taxes (Tables)
3 Months Ended
Jul. 31, 2015
Income Tax Disclosure [Abstract]  
Schedule of provision for income taxes

                 
    Three Months Ended July 31,  
($ in thousands)   2015     2014  
Current tax expense:                
Federal   $ 1,024     $ 869  
State and local     72       90  
Current tax expense     1,096       959  
Deferred tax expense:                
Federal     (12 )     106  
State and local     (151 )     24  
Deferred tax expense     (163 )     130  
Income tax provision:   $ 933     $ 1,089  
Schedule of components of deferred tax asset and deferred tax liability

                 
($ in thousands)   July 31,
2015
    April 30,
2015
 
Federal tax benefit (liability):                
Unrealized gains on securities available-for-sale   $ (7 )   $ (57 )
Operating lease deferred obligation     70       70  
Deferred professional fees     76       34  
Deferred charges     229       263  
Total federal tax benefit     368       310  
                 
State and local tax benefits:                
Other     36       46  
Total state and local tax benefits     36       46  
Deferred tax asset, short term   $ 404     $ 356  

 

             
($ in thousands)   July 31,
2015
    April 30,
2015
 
Federal tax liability (benefit):                
Deferred gain on deconsolidation of EAM   $ 17,705     $ 17,679  
Deferred non-cash post-employment compensation     (619 )     (619 )
Depreciation and amortization     2,418       2,435  
Other     448       401  
Total federal tax liability     19,952       19,896  
                 
State and local tax liabilities (benefits):                
Deferred gain on deconsolidation of EAM     1,735       1,970  
Deferred non-cash post-employment compensation     (61 )     (69 )
Depreciation and amortization     237       271  
Deferred professional fees     (7 )     (4 )
Total state and local tax liabilities     1,904       2,168  
Deferred tax liability, long term   $ 21,856     $ 22,064  
Schedule of effective income tax rate reconciliation

                 
    Three Months Ended July 31,  
    2015     2014  
U.S. statutory federal rate     35.00 %     35.00 %
Increase (decrease) in tax rate from:                
State and local income taxes, net of federal income tax benefit     -3.57 %     2.37 %
Effect of dividends received deductions     -0.32 %     -0.29 %
Domestic production tax credit     -0.63 %     -0.65 %
Other, net     0.09 %     -1.57 %
Effective income tax rate     30.57 %     34.86 %